Issue - meetings

A report from the Executive Director – Resources is attached.  (Key decision – reference number 5744)

DECISION:  The Cabinet agreed:

I. To recommend that Council:

a. Approves the carry forward of £35.4m unspent budget from 2023/24 to future years (Appendix B), of which £15.68m is funded by borrowing.

b. Approves the revised 2024/25 capital programme (Appendix D).

c. Approves the growth in Pipeline projects (Appendix E), noting that these projects will be subject to a full business case review prior to being moved into the main capital programme (KD5502 delegated to Cabinet authority to approve Pipeline projects up to £10m).

d. Notes growth of £7.5m in the 2023/24 capital programme (Appendix C) and approves growth of £12.8m in the 2024/25 capital programme (Appendix D1).

II. To note:

e. 2023/24 capital expenditure of £198.8m, against approved November budget of £283.1m.

f. An overall net reduction of £20.0m in the 2023/24 programme (Appendix C).

The report sets out the options considered, if any, and the reasons for the recommendations and the decision.